Hyundai Motor India Limited appoints Tarun Garg as the next Managing Director & CEO

Hyundai Motor India Limited (HMIL) has appointed Tarun Garg as the next Managing Director and Chief Executive Officer of the company.

-The first Indian national to be appointed as the Managing Director & CEO
-Over 32 years of extensive industry experience

The decision is subject to approval of the shareholders and the Tarun Garg will be take charge as the Managing Director and CEO from January 01, 2026. Tarun Garg becomes the first Indian national to take on this leadership role within HMIL, since the company's establishment 29 years ago. At present, Tarun Garg serves as the Whole-time Director & COO of HMIL. Following a smooth transition, the incumbent Managing Director, Unsoo Kim, will return to a strategic role at Hyundai Motor Company (HMC), South Korea.

Upon his elevation, Tarun Garg, Whole-time Director & COO, HMIL expressed, "I am deeply honoured by the trust and confidence placed in me by Hyundai Motor Group. India's automotive sector is in an exciting phase of transformation and I aim to contribute to HMIL's continued growth in this market by stepping into this role. Success in this industry demands excellence across every touchpoint, from design and engineering to manufacturing, sales and service and I am fortunate to work alongside Hyundai's talented employees, dealer partners and supplier partners who make it all possible. Together, we will stay focused on strengthening HMIL's legacy of customer delight and loyalty built over past 29 years, ensuring our journey continues to shape the future of mobility and build lasting connections in India."

Tarun Garg will be focusing on four key pillars as the new Managing Director and CEO - – Future Strategy Focussed, Market & People Centered, Customer Orientation and Make in India. Tarun has more than 32 years of industry experience and he led HMIL to its highest-ever sales for three consecutive years. He also delivered record-breaking profits and achieved highest EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin in FY24.

Other key initiatives by Tarun included the MyHyundai app for customers, HSMART for dealers and a direct-to-consumer channel for electric vehicles, achieving over 90% NPS (Net Promoter Score) across sales and service.